Re: Obama XX: Maybe We'll Even Talk About Obama
It's not deficit spending if we pay for it. That's the whole problem.
As for sustainability, it's in no way, shape, or form sustainable at anywhere near the levels of deficit spending we're seeing, or even the annual deficit size we typically saw under Bush. I just don't see how people think we can go further and further into debt without eventually having to pay the piper. Even the current debt level is a massive drag on this nation. And lots of things could make it even worse, such as an uptick in the interest we have to pay on it, etc.
Yeah, but how much of it is really "non-sustainable" and how much of it is irrational "starving the beast with ill-advised tax cuts during a war"?
Put another way, my guess is some of the deficit spending is sustainable in that we could pay for it, we just don't.
It's not deficit spending if we pay for it. That's the whole problem.
As for sustainability, it's in no way, shape, or form sustainable at anywhere near the levels of deficit spending we're seeing, or even the annual deficit size we typically saw under Bush. I just don't see how people think we can go further and further into debt without eventually having to pay the piper. Even the current debt level is a massive drag on this nation. And lots of things could make it even worse, such as an uptick in the interest we have to pay on it, etc.